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>> stephen: tonight, there's a war on men! it's like the war on women, but the soldiers are paid 25% less. (laughter) then will the senate put an end to the filibuster? i'll tell you in a segment that never ends. (laughter) and my guest, frank oz has a new director's cut of "little shop of horrors." it's got 20 bonus minutes of rick moranis nude scenes. g.m. and apple are teaming up to bring siri to cars. or as siri understood it, eminem and snap rl teaming up to bring cherrys to mars. (laughter) this is "the colbert report." ( theme song playing ) ( cheers and applause ) (cheers and applause) >> stephen: welcome to the "report" everybody, good to have you with us. thank you so much. (audience chanting "stephen") thank you so much, please sit down! let's get to our top story tonight. television host stephen colbert has announced his resignation from "the colbert report" effective immediately. (laughter) because, folks, i am stinking filthy rich! (laughter) jimmy, tell them why! >> power bavl sales are skyrocketing, upping both the jackpot and the odds that somebody will actually win the b
. the goose is getting fat. >> plus, go on. >> south carolina senator jim demint is dequitting. >> run stephen, run. >> you want somebody young, conservative, from south carolina. maybe who has super pac pointing -- wait a second. ♪ >> thank goodness it's friday and it's a busy one at that. we have breaking news. within the last hour, the supreme court has announced that it will for the first time take up appeals on same-sex marriage. hearing cases on the defense of marriage act and california's proposition 8. much more on that in a moment, and the busy week ends with some good news for america's workers and the president. a little christmas cheer some early. the u.s. economy generating a stronger than expected 146,000 new jobs in november helping trim the jobless rate to 7.7%. a four-year low. happy holidays, right? not if you're john boehner. >> this isn't a progress report because there is no progress to report. the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> yes, indeed, it's like a visit from the ghost of christmas past,
and stephen moore, senior economics writer at the "wall street journal" and is in washington, d.c. first up, ron, will, do you think, these politicians reach a deal or not and why or why not? >> the fiscal cliff was yeelted as a doomsday machine to try to give them more will power to do what they can't do on their own, to reach a deal. the reason all of this was here, incentive to reach a deal, some of your guests pointed out during the day, a lot can go wrong when you leave is it to this late, a little little surprising to me republicans don't feel urgency, talk about this in a minute, maybe, the wolf on the other side of the cliff, difficult for both sides, the country is worse for the republicans than the democrats. it's possible they make a deal, possible they go over, no more precision than that. >> are we thelma and luiz, rocketing towards that canyon? >> took the words out of my mouth, even if we don't get a deal by the stroke of midnight tonight before the ball comes down on times square, it is not the end of the world, they will reach an agreement some time in my opinion, the next
of spending restraight. >> i want to bring stephen moore back into the conversation. a lot of people don't like grover norquist you've defended him. you come from the same place in a lot of things. here's where i take issue. he said increasing taxes avoids the conversation on having the spending discussion. i said i don't think that's causal. i think we can agree we're not having a robust-enough conversation on how to deal with spending in this country and how to make government more efficient. is it a fact by raising taxes we're just not going to have that discussion? >> yeah, i believe so. i believe every time you raise taxes it reduces the pressure to cut spending and i agree with grover on that i want to take issue on one thing you said to grover that i think is a little unfair. the vote we had last week, the job boehner plan b, which actually there was no vote -- >> you know, you've been saying, these guys are just following the instructions of grover nor quest. look, i actually think republicans made a mistake personally in not approving plan b. but you know, the people voted again
'reilly was channelling stephen colbert like a drunk stephen colbert. if you haven't caught that segment, it was breath-taking. >> bill: it came up to me again. we had our white house correspondents association, the first party of the year first christmas party, wasn't even in december. they had it on the 29th of november. and so, you know it was awkward because i walked in, and i said like, merry christmas to somebody. and they said, happy holidays. and then i said happy holidays to somebody and they said, no, you can say merry christmas to me. i am thinking jesus. get off. careful here. >> happeny holidays? they are judging you? you know, the war on christmas thing, the happy holidays, customary christmas, it's about good manners, you know. somebody says, you know happy dwanza or something i don't celebrate, i don't say how dare you. i want to say thanks for including me in whatever it is you do and merry christmas to you. >> somebody says happy holidays to me, i am a christian but i am not offended by that. i understand why stores, in stores, they have salespeople
carolina governor nikki haley will pick to fill jim demint's senate seat. our pal stephen colbert put his mind to it. >> but who will she pick? let's see, you want somebody young, somebody conservative, somebody from south carolina, maybe somebody who had a super pac. wait a second. watch where you point that thing. it's powerful. i know when i look at the u.s. senate, i say to myself, you know what they could use? another white guy. >> well, the governor responded on her facebook page saying, stephen, thank you for your interest in south carolina's u.s. senate seat and for the thousands of tweets you and your fans sent me, but you forget one thing, my friend. you didn't know our state drink. big, big mistake. well, she was referring to this from earlier this year. >> what's the state drink? >> there's a state drink? >> it's milk. >> i didn't realize my state was so boring. >> makes me think i'm going to like the person she picks a lot less than i do steve colbert. >>> the fiscal cliff. if it's down to the president and john boehner deciding this, what does a win look like for both sides?
this hour interviewing a man. right now, we have with us mike from national public radio, neera, stephen barton, survivor of the aurora, colorado movie theater shooting, now a gun control advocate. we were talking before the break about the idea of the proprietary of talking guns in the wake of a gun tragedy. for the last decade or so, it's where the gun control has been. once in awhile, there's a horrific tragedy. someone says we should have gun control and then a discussion of whether we should have gun control. it wasn't that long ago when gun control was a political debate. featured prominently in national campaigns and statewide campaigns. i want to talk about what it was like back then. the best way to kick it off, there's an extraordinary clip in hind site from 19 years ago to the day. there was a railroad, maybe you remember it all. the day after that, bill clinton talked to the press. he's president of the united states, i look at this and say i can't imagine barack obama or any politician doing this. >> the gun that was used contained two 15-round clips. this man in a manic sta
on what is already a fragile economic recovery. stephen moore joins us. when economic growth was comparatively pretty good, this the president said no, now you don't want to raise tax rates because the economy is fragile. gdp is worse now, is that? >> i think almost exactly two years ago, the president said the economy is too fragile to raise taxes on anyone. so what you have essentially was a deal that was put together. remember back in december of 2010 when we were facing a very similar situation where they agreed to extend all the tax cuts for two years. by the way, that is why we are facing this new fiscal cliff. it is infuriating to business owners. i have been talking to a lot of them last couple of weeks. this is banana republic type of politics. no one knows what it will look like. it makes it impossible for businesses to do planning, purchasing equipment, hiring workers. you are seeing the impact on the stock market already where we have a lousy 10 days with stocks because everybody is in this kind of state of fear and trepidation that we are going to go over this cl
. nikki haley gets to pick a replacement. comedy central's stephen colbert hinted at another unlikely candidate. >> but who will she pick? let's see. want somebody young, somebody conservative, somebody from south carolina, maybe somebody who had a super pac. wait a second. [ applause ] watch where you point that thing. it's powerful. okay. >> that wandering f infinger. colbert took himself out of the running with her when he could not name the state drink which is milk. thomas roberts will be back on monday at 11:00 eastern time. "now" with alex wagner. my favorite was the stash. he looks five years younger. >> he does. i'm uncomfortable seeing david axelrod without the mustache. it's wrong but so right he raised so much money. >> he did a great job. >> we have a big show today. the unemployment rate may have ticked down last month, but will it prevent the country from falling off the fiscal cliff? new reports say president obama and john boehner are going mono mono with negotiations. ayman jabbers will join us with a live report. a tea party king maker and now jim demint says he can
to the sideshow. a merry cliffmas from stephen colbert. >> everywhere you go you could see the twinkle in children's eyes because in just a couple weeks the fiscal cliff is coming to town. merry cliffmas. if the parties here cannot agree to a budget deal by january 1st, automatic spending cuts will kick in and plunge america into a second recession. and things are not looking too good. >> democrats and republicans are blaming each other for the negotiations. >> who's going to blink first? >> who's going to blink first? >> the white house is daring republicans to blink. >> obama is daring republicans literally to blink. the joke's on him because i know some republicans who have had their eyelids surgically removed. >>> also, what caused former indiana senate candidate richard mourdock at first the likely winner in that race to end up losing to joe donnelly? you might well point to this moment from a mourdock/donnelly debate. >> i struggled with it myself for a long time but realized life is a gift from god. even when life begins in the horrible situation of rape it is something god intended to happ
to get a reality check from stephen moore, a member of the wall street editorial board and author of "who's the fairest of them all?" . stephen, we have spent six month talking about this can't happen we can't go off the fiscal cliff. we've got to meet this deadline and now they are saying, it's not that bad. which is it? >> look, i don't think it's the end of the world and i think it would get resolved in the weeks ahead but it's a black eye for our whole political system. think about this. here we are two or three days away from the start of the year without any american business or investor or workerer knowing what the payroll tax is going to be, income tax is going to be, i mean, this just isn't a very good way to run a country and it's almost like banana republic politics. >> my dad used to say, no way to run a railroad. let's talk about a couple of things. this whole idea that tax rates on everyone will go up. does the irs, does the treasury department have the ability to sort of say, look, here's some guidance. keep withholding where it is? >> the irs is in turmoil right now. they
into the last shopping weekend before christmas, and stephen bebis is the ceo of brookstone and joins us now on how the holiday season has been shaping up. good morning to you. >> good morning. >> before we get into the holiday season, i need to admit something. i am the guy who sits in those chairs in the airport, you know how you have them in your -- in your store? >> yeah. >> and the massage chairs. and i wonder, do you sell those chairs? i know they're for sale. but how many of those chairs do you sell in a given year? >> we actually sell thousands of those chairs. it's one of our strongest items in our stores. our sales are up over 20% in shares this year alone. >> but you were mad when it just stopped and you were like, this is a mis -- i thought there was more. >> no. i get mad when the brookstone guy comes over and says you've been sitting in that chair for probably too long. and i haven't bought anything yet. >> well, we like you trying the chairs. we like to demonstrate those chairs. because once you sit in a brookstone chair, you're going to want one. they're fantastic. >> for not
through all of this. scott martin, is also a spewed baker fan. kill holme, and stephen hayes, writer at weekly standard and fox news contributor. i want to start with kim. from a small business perspective, this deal to only tax people who make 400,000, the, does that spare small business that might look at their funds as a pass-through when it comes tax time or will this still be horrendous for them. >> it is horrendous and horrendous for myself and my action and those of us who have flow-down through s-corps. i certainly think they made some progress but, you know, obviously as somebody said earlier in the day, taxation does not lead to prosperity. certainly would like to use that money for something else. buying equipment. bringing on new employees and expanding our business. adam: steve hayes, let me ask you and pick up where kim was just speaking the national federation of independent businesses estimate 75% of small business, which we know is the powerhouse, the dynamo of job creation in this country, 75% count their taxes the way that it is called the pass-through or the flow-
to go along, because-- as americas cup ceo stephen barclay said-- the rewards in jobs and money would be substantial. the america's cup coming to a city is all about the economics. and san francisco did its own numbers, and they said that its going to bring $1.4 billion worth of economic benefit here and 9,000 jobs. >> reporter: but a disappointed san francisco mayor ed lee announced that the agreement and the promise of many of those jobs was going by the boards, after cup organizers decided that developing the pier would cost too much. still, the city and oracle went ahead with race plans. others were relieved; they saw the arrangement with ellison as a giveaway of city property. and still others feared environmental consequences of too many visitors and non- recreational uses of waterfront land. then there was the matter of boats: originally, organizers thought up to 15 72-foot boats could compete. but they cost millions, and in the midst of a worldwide recession, only four of them, plus elison's, decided to take part. nobody is suggesting the race will be a bust, but the prospects
, morgan lander and stephen nicholas is with us, ed moy and rick lake was with us earlier. chad morgan lander, what do you do? investors are watching all of this, they want some direction and they want to get ready for 2030 and the nonsense continues in washington. >> well, the market is going to get sloppy over the next two weeks until they get a resolution, and you should fully expect that they will get a resolution, and it will be just a short-term resolution. once you get, that the market will then snap back, so we're expecting between a 5% and 7% correction within the market until that time comes, but do you want to layer in risk. you want to be buying good quality companies at this point in time as the market comes into, because that market will snap back, and you will see a modicum of economic growth going further out into the spring. >> and i can see that apple is one of the ones that you like there in terms of snapping up beaten down stocks. you see 20% upside. ed, i want to get to you because i was reading through your bio and you worked at the white house for almost six year
, he's got me. host: stephen, who did you vote for in 2008? in 2012.ean caller: i voted for president obama. i really liked mitt romney. why do i have to pay less taxes than my friend from massachusetts? that really bugged me. host: that is stephen from connecticut. tyrone is a republican from the bronx. caller: i think hillary clinton would be an excellent candidate in 2016. i think she handled the middle eastern issue to the best of her ability. also, as far as the gop is concerned, i think she has made strides toward eliminating the tax spending through various commitments with private entities and organizations that are coming out of the woodwork. i was watching earlier today and what they were requesting from the white house was let's fix this problem by incorporating a small businesses and less government intervention to curb the deficit. it has been astronomical. then i heard barack obama say the way we are going to do it is by making more cuts in various ways. he was saying by making more cuts and the only people it is going to hurt is the working class and somewhat of the mid
-before-seen footage of twins appearing to fight it out inside the room. dr. stephen garner with new york met think of the hospital and with me now. good morning, doc. good to see you. hear is the image, though us what you think should be focused on. >> hear is the big guy. he towers over the little guy. what he does he punches with his arms and knees. here is his knees and this guy's niece. look like he is punching him. bill: i have a question for you. this is pretty obvious at home. here is one. and here is the other, all right? just down here, this is where the knees are knocking right? over here and there. >> the placenta down here with the sharing. they're getting their knewtics from the same source. they're developed blood cells sending all the blood to big guy and that is why he is little. bill: is there evidence there are fighting. >> you think that but making it up in your mind. looks like people are fighting. getting a straighted could be by mri noise itself. when something hits one of them they started and start to do like this. we see that when we do ultrasounds all the time. the baby d
in massachusetts. he ran against scott brown and loss. congressman stephen lynch. name out of contention is ted kennedy, jr. he will not seek the seat. he was speculated to seek the seat of his late father. the decision to buck the dying inouye. senator daniel in a the swearing-in took place yesterday with joe biden. brian schatz becomes the senior senator with the new congress being formed on january the third. on the independent line -- jack on the independent line. caller: good morning. i bet a co-worker that we are going over the fiscal cliff. it is more of a slope than a cliff. it would be a year of complete in activity before we would see the real bite of everything, all of the doom that is being forecasted. i am reminded of erskine bowles and alan simpson. about three weeks ago or four weeks ago, they met with the president and members of congress and discuss their feelings afterwards with the press. erskine bowles said he felt there was a third of a chance that there would be a deal and a third of a chance no deal and a third there would be no deal until after we went past the january 1
of them from saint stephens kindergarten class. thank you, miss murphy. thank you, janice dean. fabulous. on "money" we discuss the some ceos formally spoke out against president obama's policies after the election doing about face and backing him. tastid-light founder, and white castle and fast signs ceo join me on 5:00 eastern on fox business. lori: thompson, thanks. is the stock market pricing in a tumble over the fiscal cliff? losh abet senior economist and market strategist milton miss rought at this breaks it down with tracy and ash. stick around >> gold bars i suppose. >> i would be buying gold bars and real estate. >> under the mattress. >> let it all go. ashley: nothing wrong with those. not at all. >> and on that note --, take it away. ashley: thank you, ladies. as lori just said, drifting along. market up by 11 points. good afternoon, i'm ashley webster. tracy: i'm tracy byrnes. political theater over the fiscal cliff. how a senate battle over the presidential power around the debt ceiling could shape the cliff talks going forward. ashley: apple shares up today, but still down
it. if he hopeful we will get a last minute deal? stephen moore. look, you are here earlier this month and said we will be back here talking with you. >> here we are. ashley: we are getting inklings of some sort of deal being put together. >> i heard for the first time what you just heard. the framework of that deal -- i think that was something that probably could make it through the senate and the house. nancy pelosi will have to deliver anywhere from 50-100 votes from her democratic office. but, of course, let's not forget that gets us around the immediate problem of what they are calling the fiscal cliff. this is just act one. then we deal with the dead ceiling. this was just the idea of an opening bid, if you will. i think it will be good news for the market if a deal like this were enacted. shibani: you are talking about the markets. i want to ask you about their role in getting to this point. we have seen steep declines. multi- hundred point the kleins in some instances, we have not been met in this case. is this part of the reason we are in this position? >> well, yo
it it would be crazy not to protect this. i a ask that the entire stephen be put on the record. also from west virginia as well. >> without objection we have been joined by a the vice chair of our committee and he will give a short opening statements. >> thank you mad them chairman. >> my apologies. i wanted to be here out of respect to my a colleagues to help present the case for funding of the resources that we've underwent during this storm. even if there are only a few couple hundred homes to them that this as far as their lives are concerned. not only are the seashore's in the interval part of that economic opportunity but to those who owned the second homes move there now it is the first home. there is no asset to more valuable than the home that they own. madame chairwoman i thank you for your help and your leadership and asking in this -- unanimous consent my full statement put into the record. >> thank you very much senator lautenberg i look forward to working with you in working with the states that have been devastated. >> they give very but to for the opportunity to testify for the
of his neighbor. >>> he once ran for president of the united states of south carolina. now stephen colbert for senate? someone has already created a twitter account and scooped up the colbert for senate website. he actually can't run. >> and she would be insane to appoint him. right? >> i think he really lives in new jersey. >> well there's that. >> thank you. >>> 25 days until we fall off of the fiscal cliff. a new glimmer of hope that maybe a deal is in the works. president obama and speaker john boehner are meeting one-on-one trying to hash out a fiscal cliff deal before the end of the year. clearly that's the deadline. no other leaders in the room though. just the two of them. there are sources that confirm that staff members on both sides resumed talking on thursday as well. will those talks go anywhere? mr. baer is a managing director of the harbor group and he's with us this morning. thank you for being with with us. >> good morning. >> i'm trying to decide if this meeting is a good idea for a bad idea. on the good side f you move all the noise and the debate and the extra p
: you know whom i have another dream. senator stephen colbert. a lot of buzz about him replacing jim demint. i tweeted i wouldn't just block legislation, i would body check it. yes. he's encouraging the speculation about it. nikki will name him. he spoke in support of it on his show. i know when i look at the u.s. senate, you know what? they could use another white guy. ♪ let's hear it for the boy ♪ >> stephanie: how hilarious would that be? ♪ get's live the boy a -- let's give the boy a hand ♪ >> stephanie: speaking of no sense of humor those million moms, they're at it again. >> oh, god really? [ ♪ "world news tonight" ♪ ] >> stephanie: they have said they're moving on from their latest ellen degeneres protest. >> million moms, pretty much -- just one mom -- >> stephanie: i think it is a guy. >> there was a dude in there. just one mom. >> stephanie: it was concern women for america that has a male president. >> in her mom's basement. >> stephanie: the group to complain about ellen degenere
and the negotiations over america's financial future, is stephen ohlemacher, joining us from the associated press, where he is a reporter. thank you for being here. guest: thank you. host: how many people in america receive social security? guest: a little bit more than 56 million people get social security. the average benefit is a little over $1,200 a month. so maybe it is like $13,000, $14,000 a year. host: we're talking about retirees but also the disabled. guest: yes, fairly wide group of people get social security benefits, retired workers, spouses, children, disabled workers, widows, widowers. it is a fairly big social safety net of people who get social security benefits. host: as you mentioned about 56 million the retirees received a $1,2 a month. there is also the s.s.i. about $500 a month. how does social security get financed? guest: it has been a self funded program. it is funded by payroll taxes. there's a 12.4% tax on wages up to about $110,000. you make more than that then any money you make over that is not taxed for social security. it is divided equally between your employer an
. >>> a large crowd cheers the first couple to get married under maine's new same-sex marriage law. stephen bridges and michael snell of port land tied the knot just after midnight this morning. >> it's very surreal still. we didn't expect all the cameras and everything tonight. >> we finally feel equal and happy to live in maine. >> it's official now. after nine years, it's all good. >> yeah. >> voters in maine and maryland approved same-sex marriage in november. >>> don wright is not going to let a little thing like cancer keep from his goal running a marathon in every state. he's well on which is way to achieving that goal. he's an unusual patient in another way experimenting with a new approach to his disease. here's dr. sanjay gupta with today's "human factor." >> don's career spanned engineering, being a company vice president and the law. and at age 62, he discovered a new passion. marathons. eight years ago, just days after running his first 26-mile race though, he got some devastating news. >> i had gone to the doctor a couple of times for pain in my back. it was multiple myeloma.
and whether or not the current four years is even enough to begin with. joining me, dr. stephen garner of new york methodist hospital. dr. garner, great to see you. >> great to see you, jamie. jamie: let's talk about the mistakes that are made, how troubling is the trend? >> it is nothing new and if you look at it the trend is decreasing but no mistake is acceptable when you're dealing with surgery and people's lives but there are basic things people can do and surgeons and patients to avoid the mistakes. for example, getting right leg operated on the doctor should take magic marker put a note on the right leg, this is the leg to be operated on. very basic stuff, you never make a mistake. what happens the doctor makes wrong side surgery because the patient is flipped on back or stomach the right and left are reversed. doctor, patient should make sure this is the right patient operated on. i'm mrs. jones, am i correct patient you're talking about? again communication. a lot of times doctors are rushing and don't take time to do it. sponges and equipment left behind in patients belly. measure n
democrats and republicans come together to send it across to the white house. >> stephen dennis, thank you so much for your time. >> absolutely. >> here are president obama's remarks from the white house earlier today. afterwards, we will hear from senators reid and mcconnell from the senate floor. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> good afternoon, everybody. for the past couple of months, i have been working with leaders of both parties to try to forge an agreement that would grow our economy and shrink the deficit, a balanced plan that would cut spending in a responsible way but also ask wealthy americans to pay more and protect our middle-class and everyone striving to get into the middle class. i want to get this done. it is the right thing to do for our families, businesses, and our economy, but the hour for immediate action is here. it is now. we are at the point where in four days every american's tax rates are scheduled to go up by law. every americans' paychecks will get considerably smaller. that wou
would like to talk a little bit about the fact that stephens said something about the one republican senator. what about harry reid and the veto on everything that comes from the house if he does not like it? the filibuster is that harry reid can decide he will not take it up, but they cannot filibuster? guest: first of all, the filibuster is not in the constitution. it is not a pocket veto, but it is something only the president can do. you are right in the sense that the majority is what determines what the agenda will be. john boehner decides what will come to the floor and when. you just saw it in the house. the unwillingness of john boehner to take up the extended tax cuts. this is not anything new. this is a long tradition in both houses. you have a split congress with both sides not working together. you are exactly right, this is the majority of one house, moving into the other. host: are you still there? caller: i agree with his explanation, but everything comes across two very read and he does not bring it up for a vote, then my senator, that meet stabbed now -- at least ca
larson on the fiscal cliff negotiations. after that, we will hear from stephen ohlemacher. you can see "washington journal" everyday life at 7 p.m. -- 7 a.m. eastern here on c-span. coming up next on c-span, the in going an upcoming german discusses what they want to see and a and budget deal. then david walker and rudy penner discuss the fiscal cliff negotiations. later, a discussion on the potential impacts of the negotiations and state budgets. >> the white house was very controversial, as most americans were. they designed washington city. there was competition. he designed a design for a palace. it was not particularly awe- inspiring. in fact, a european diplomat told congress it was neither large or awe-inspiring. but the answer the congressman gave was the building serves its purpose. it is larger and more elegant. photo mer new york times bodh critic on the white house. watch it on sunday on c-span three on "american history tv per." >> congressman steve scalise and jim jordan. >> thank you for coming. to delighted to welcome you a presentation by the outgoing and incoming chai
joins us from the role call as a white house reporter. stephen, how did the meeting between the president and congressional leaders go? >> i think it was a meeting where they may be set the framework for getting a short- term deal to avert tax increases for most americans, extend unemployment benefits, and maybe take care of a few other small things. at this point, it is a race against the clock and it is up to harry reid and mitch mcconnell and the senate to see if they can have a bipartisan compromise. the president said if he cannot come up with something in the next couple days, he wants harry reid to bring a bill to the floor that would do with the president wants to do, which is tax increases, extend unemployment benefits, etcetera, at least get a vote on it. harry reid has announced that he will prepare that bill and in the meantime he is trying to reach agreement with mcconnell that would be a bipartisan bill and hopefully get through both chambers in time to beat the clock for 2013. >> were any details discussed at the meeting? >> they did sort of go over some outli
the program is stephen olmacher, joining us from the associated press. how many people in america receive social security? how much social security to people get? guest: >> 66 million people. the average benefit is a little over $12,000 -- a little over $1,200 a month. maybe $13,000 a year or so. host: we are talking about retirees and the disabled. guest: a fairly wide group of people receive social security benefits. retired workers, spouses, children, disabled workers, widows, woodward's. -- widowers. a big safety net of people. host: retirees receive about $1,200 a month on average. the benefits for the disabled, $1,100 a month on average. how does social security get financed? guest: it has been a self-funded program since its inception. it is funded by payroll taxes. there's a 12.4% tax on wages up to about $110,000. if you make more than that, any money you make over that is not taxed as part of social security. the tax is divided equally between your employer and the worker. for the past two years, the workers' share of 6.2% has been reduced temporarily to 4.2%. as the temporary t
Search Results 0 to 39 of about 40 (some duplicates have been removed)